The aim of the directors of Pennygate Holdings plc is to build the capital value of its shares through the success of its website. The directors are not intending to declare dividends, all income and investment will be utilised primarily to develop and market the website. After a suitable period of development, it is envisaged that one2find.com will become an attractive target for other web based companies and investors' capital could be realised at the time of sale.
The offer is made to investors who acknowledge the risks associated with stocks and shares. Shares can be purchased in blocks of £100, £500, £1,000 or £5,000. Any investment over £5,000 will need to be made by cheque or bank transfer.
Initially 500,000 shares will be offered to round one investors at a cost of £1.00 per share, which represents approximately 10% of the total capital value of the company. It is envisaged that once this investment tranche is satisfactorily completed there will be a further offer of shares within the next twelve to twenty four months.
The directors are confident that the price of each share for the second round of investment will be around £7.00 per share giving the round one investors a return of approx £6.00 per share, the second and final share issue will be limited to a further 150,000 shares. It is not envisaged that there will be any further dilution thereafter, but the directors reserve the right to allot further shares to support the ongoing development plans for the company in the future, on such terms as they may determine.
All fully paid shares in the company will be freely transferable and free from any lien. There will not however be any listing or market for the transfer of the shares.
The right is reserved to allot further shares to support the ongoing development plans for the company in the future, on such terms as the board of Pennygate Holdings plc may determine.
I confirm that I have read the warning page and wish to proceed to purchase shares:-
I wish to purchase 100 shares at £1.00 each
I wish to purchase 500 shares at £1.00 each
I wish to purchase 5000 shares at £1.00 each